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A bond's YTM is 12% and coupon rate is 10%. Then its current yield is _________. a equal to 12% b equal to 10% c
A bond's YTM is 12% and coupon rate is 10%. Then its current yield is _________.
a | equal to 12% |
b | equal to 10% |
c | lower than 12% |
d | Not enough information. |
e | greater than 12% |
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